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Basis of Presentation | 3 Months Ended
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Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Basis of Presentation | Basis of Presentation On August 16, 2022, the Company's Board of Directors (the "Board") acting by written consent resolved to amend and restate the Company's Second Amended and Restated Bylaws to change the Company's fiscal year period from October 1st through September 30th each year to January 1st through December 31st each year commencing with the 2022 calendar year (the "Bylaws Restatement"). On August 19, 2022, the holders of approximately 75% of our outstanding Common Stock acting by written consent approved Bylaws Restatement and adopted the Third Amended and Restated Bylaws, which are included hereto as Exhibit 3.3. In accordance with Rule 14c-2 under the Exchange Act, the aforementioned actions taken by written consent became effective on September 23, 2022. As a result, the Company's 2022 fiscal year will now be the period from January 1, 2022 to December 31, 2022. As a result of the change in fiscal year, this document reflects the Company's Transition Report on Form 10-QT for the transition period from October 1, 2021 through December 31, 2021. The Company's next fiscal year will run from January 1, 2022 through December 31, 2022 (fiscal 2022). The accompanying balance sheet as of September 30, 2021 was derived from the Company's audited financial statements included in Form 10-K filed with the SEC on December 14, 2021. The accompanying consolidated statement of operations, consolidated statement of changes in members'/stockholders' equity, consolidated statement of cash flows and footnote disclosures for the three months ended December 31, 2020 are unaudited. The unaudited consolidated financial statements for the three months ended December 31, 2020 have been prepared on the same basis as the annual audited financial statements and, in the opinion of management, contain all adjustments necessary for fair presentation of the results of operations for the periods presented, except as disclosed herein. These consolidated financial statements as of December 31, 2021 and for the three months ended December 31, 2021 include the accounts of Riley Permian and its wholly-owned subsidiaries REP LLC, Riley Permian Operating Company, LLC ("RPOC"), Tengasco Pipeline Corporation, Tennessee Land & Mineral Corporation, and Manufactured Methane Corporation, and have been prepared in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated upon consolidation. The Merger was accounted for as a reverse merger and, as such, the historical operations of REP LLC are deemed to be those of the Company. Thus, the consolidated financial statements included in this report reflect (i) the historical operating results of REP LLC prior to the Merger; (ii) the consolidated results of the Company following the Merger; (iii) the assets and liabilities of REP LLC at their historical cost; and (iv) the Company’s equity and earnings per share for all periods presented. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had an immaterial effect on the previously reported total liabilities and results of operations or cash flows.

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- Definition The entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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